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20130108
20130108
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MSNBCW 7
COM 3
FBC 3
KRCB (PBS) 3
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Search Results 0 to 24 of about 25 (some duplicates have been removed)
Comedy Central
Jan 8, 2013 10:30am PST
perfecting the legal limit for how much kit borrow also known as the debt ceiling. republicans can demand that the president make spending cuts or we'll hit the debt ceiling and go through it. [ laughter ] or get crushed by it or you know what? we might have to make a skylight in it. sounds nice. it's pretty but they rarely get caulked properly and when it rains, it drips and ruins your sisal carpet. the republicans are clearly in a strong position but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and a congressman are suggest a $1 trillion platinum coin could be minted and the government could use it to pay the debt, avoid default and preempt the debt ceiling crisis. >> stephen: we should have known that a coin was obama's solution to everything. it was right in his slogan. change. it's legal in that it is not technically illegal. [ laughter ] let me explain with someone else's mouth. >> technically it does appear to be legal. here is how. >> the u.s. government can print new money but the
FOX News
Jan 8, 2013 1:00am PST
this is really important. if we have reached the debt ceiling what that means, bill, is we can't borrow any more money. none the less the tax receipts under the tax laws we now have would continue to it bring in about 60% of the money needed to fund the government. which means that you -- that about 40% of the money would not be there you would have to find a way to shut down 40% of the government so you wouldn't have a way to finance it. that leaves plenty of money by the way, 60% to cover any payments on the national debt. they are only 6 or 7% of spending. when you talk about defaulting on our debt, it's a total red herring. >> bill: but, what happens is that moodies and other financial institutions that grade america's investment capability and whether people should invest here will downgrade like we saw last year. so, i don't understand why president obama, if he knows what you just said and what i know that the republicans are never going to go for another tax increase. why bother? i will tell you why. >> in my view it comes down to this. the republicans are worried about the cost of these
FOX Business
Jan 7, 2013 8:00pm EST
would risk a debt ceiling? what do you do with that moment. >> i would not borrow any more money, we would stop paying our bills, a president who believes that the constitution means what is says would not get us into a situation where we run out of cash on the first day of february. that president will have enough money to pay the bills to the federal government, federal government collects about $2 .7 trillion in revenue. .7 trillion in revenue. >> you can rob peter to pay [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of childr in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. neil: to hear nancy pelosi and scores of other democrats tell it over the weekend, they are just getting started with tax hikes this year, and president agrees, keep it planned
FOX Business
Jan 7, 2013 11:00pm EST
money, and government would live within its means. neil: you would risk a debt ceiling? what do you do with that moment. >> i would not borrow any more money, we would stop paying our bills, a president who believes that the constitution means what is says would not get us into a situation where we run out of cash on the first day of february. that president will have enough money to pay the bills to the federal government, federal governme collects about $2 .7 trillion in revenue. .7 trillion in revenue. >> you can rob peter to pay [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making i
PBS
Jan 7, 2013 9:00pm PST
, as the government reaches its debt ceiling and can't borrow any more money. president obama wants to lift that ceiling. the republicans don't. and it appears we're heading for another "thelma and louise" ride to the edge. remember -- they went over. we'll discuss that possibility next week with paul krugman, the nobel laureate in economics and "new york times" columnist whose bestselling book, "end this depression now!" calls for full employment as an alternative to austerity. read it, then send us the question you would like me to put to paul krugman. meanwhile, another reality beckons and there's a menace more threatening than the fiscal cliff ever was. what should really be scaring the daylights out of us -- the crisis which could make all the others irrelevant -- is global warming. get this one wrong and it's over -- not just for the usa, but for planet earth. that's the message delivered by hurricane sandy, and by almost all the extreme weather of the past two years. and here in the first month of the new year, it's the message from the most informed scientists in the world. they're
MSNBC
Jan 8, 2013 7:00am PST
% of the expenditures if it doesn't have the ability to borrow under a debt ceiling. this will affect america in so many fundamental ways. they just went through the fiscal cliff debate with the president and all of the polling coming out is saying the president got the upper hand of that in terms of public opinion. >> robert, do you agree with that? do you think it's going to get done or is there a possibility it's going to need some kind of push like tax refunds not going out to get them to get down to business? >> it sounds like day gentleman view all over again. it's about us being able to pay our bills. regardless of whether or not the irs is able to send out refunds or not this already affects each and every one of us because it's our taxpayer dollars. we have republicans and democrats that wait until the last minute on everything to get something done. what we need is speaker boehner and the president to come to the table and roll up sleeves -- >> speaker boehner said he won't talk to the president on this. >> that's not what he said. he said i'm not going to negotiate one on one with this presid
PBS
Jan 7, 2013 5:30pm PST
of every dollar the federal government spends is borrowed. if you don't raise the debt ceiling, that 40 cents is temporarily stopped. now we did that in 1995. we didn't default on our debt. >> woodruff: right. the result was balanced budgets and some of the greatest fiscal responsibility was seen we've seen in modern times from congress because fiscal conservatives stood together and said we need to be responsible. >> woodruff: let me ask you about a couple of other issues. that is guns. you're a long-time proponent of gun rights. you're the father of two young girls ages 4 and 2. after those terrible shootings at that h elementary school in connecticut, have you changed your views at all on how available guns should be especially the high-capacity rifles? >> i think every parent was horrified at what happened in newtown connecticut. to see 20 young children and six adults senselessly murder in an elementary school, it's just shocking beyond words but i think it was also sad that within almost minutes of that tragedy politicians began exploiting that horrible crime to push their gun-con
MSNBC
Jan 7, 2013 7:00pm PST
through the debt ceiling would almost certainly make the debt ceiling so much worse, the damage to the economy would be so much worse, when the economy flags we just saw this during the recession. and the higher borrowing costs later because nobody trusts america anymore. that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. ] up high! up high! [ sighs ] [ chuckles ] yo, give it up, dude! up high... ok. up high... ok. high! up high!!! ok ok that's getting pretty old. don't you have any useful apps on that thing? who do you think i am, quicken loans? [ chuckles ] at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. this great tool answers your home loan questions organizes your results, and lets you calculate with the confidence of a rocket scientist. you can even take notes and add
FOX News
Jan 8, 2013 6:00am PST
the debt ceiling. just give me more borrowing authority. let me have more revenue so i can continue to spend. that will not solve the problem. we have $16 trillion debt. we will have to cut spending. bill: are you in agreement with mitch mcconnell this weekend when he said taxes are off the table? we resolved this issue. we have, sorry, we don't have this problem because we tax too little. we have it because we spend way too much. >> no. he is exactly -- remember the last debt ceiling agreement 16 months ago. two days after the law passed we got downgraded on our credit rating. a week after the bill had passed the market dropped 1323 points. the super-committee which was supposed to identify spending reductions fell apart like many of us thought it would and the scheduled cuts in the last agreement which were supposed to take place were just suspended and postponed five days ago in the fiscal cliff agreement. now it is time to raise the debt ceiling again and we have yet to cut one dime from the last agreement. spending is the problem we have to address that problem. bill: now democ
FOX Business
Jan 8, 2013 5:00pm EST
in boston yesterday. >>> to our top story a debt ceiling disaster could be coming sooner than expected. a new report by the bipartisan policy center says without congressional action the u.s. will smash into its borrowing limit as early as mid-february. are we doomed to default or will lawmakers be able to get the ball rolling and solve this crisis? i don't know. we have a money power panel to help us sort it all out. the former tennessee governor, phil bredesen, from the fix the debt committee. douglas holtz-eakin formerly of the cbo and evan bayh, former senator and fox news contributor. wow what a power panel. i hardly know where to start. phil, you think it is appalling we gotten this far. why? >> i just think play games, the political games with the faith and credit of the united states is a crazy position to be in. like playing with fireworks and playing with matches in a fireworks factory or something. i understand the need to deal with entitlements and to reduce costs on that but there are other ways of doing that. there is the whole sequester thing coming up down the road. i j
FOX News
Jan 8, 2013 1:00pm PST
raise the debt ceiling unless you tell the american people what you are going to spend this newly borrowed money on and do so in the form of a budget. it's really not a crazy idea. >> neil: byron york, thank you my friend. to a senator that has had enough. my next guest, 20% across the board cuts, he wants, ron johnson. what is the reaction? >> calling for what i was talking about is putting myself back in business mode. if you have departments that are not functioning, you say your budget is cut 20%. that is how you make things more efficient. our agencies, that would be the way to do it. i have sat through hearings how to improve performance and in the end is to get these agencies is cut their budget. >> neil: what about making republicans more efficient. what happened to you, you lost the election you lost your backbone? >> i don't believe so. i certainly have you. if you are talking about the fiscal cliff, back in 2003 they made tax cuts temporary. they extended the temporary nature come two years but come january 1st income tax was going up. so this was protecting 99% of amer
MSNBC
Jan 7, 2013 5:00pm PST
that the people using the debt ceiling as leverage to reduce the deficit don't seem to mind playing another billion dollar game of chicken. it looks like some republicans might already be backing off this fight overall. but in "the wall street journal" in an interview, john boehner, house speaker, called the debt bill "one point of leverage." but also acknowledged it's not the ultimate leverage. so where are they going with all of this? i'm going to john nichols tonight, washington correspondent for the nation magazine. john, good to have you with us. it's a game of chicken they are playing on sunday's "face if nation." senate minority leader mitch mcconnell dodged a series of questions about his stance on the debt ceiling and leverage. let's take a look. >> what i'm willing to say is if the president won't lead us here in the direction of reducing this massive spending addiction that we have, then we have to use whatever leverage we have. and there are some examples of leverage coming along. the debt ceiling is one of them, that hopefully would get the president engaged, even though he see
MSNBC
Jan 7, 2013 8:00pm PST
as a partial government shutdown. raising the debt ceiling isn't about future spending, it's about past spending approved by congress. default would cause an immediate financial collapse with long-term national and global consequences. it's estimated the 2011 standoff increased the nation's borrowing cost by $1.3 billion in that year alone. it amazing me that the people using the debt ceiling as leverage to reduce the deficit don't seem to mind playing another billion dollar game of chicken. president obama said he would not negotiate over the debt ceiling. it looks like some republicans might already be backing off this fight overall. but in "the wall street journal" in an interview, john boehner, house speaker, called the debt bill "one point of leverage." but also acknowledged it's not the ultimate leverage. so where are they going with all of this? i'm going to john nichols tonight, washington correspondent for "the nation" magazine. john, good to have you with us. it's a game of chicken they are playing on sunday's "face if nation." senate minority leader mitch mcconnell dodged a s
FOX News
Jan 8, 2013 10:00am PST
in the debt ceiling, which is an authorization to borrow money is inquestionably a revenue measure, you see where the power lies. i don't think there's any case here and i don't think that the administration thinks there's a serious case. but as you said, some in congress argue that and there are some in the media say the same thing. >> megyn: it would be an interesting situation congress refusing to raise the debt limit and the president running to court or at least saying to the nation, i can do it by myself when we've had, you know, congress in the past debate this repeatedly including when then senator obama was in the senate, you shouldn't raise the debt limit, it's irresponsible, and weakens us and americans deserve more. and can't have somebody let's not raise the debt and congress says don't raise it, but i'm going to overrule because i'm the chief executive. >> it would be against what not only what he, you know, the votes he casts in congress and what he says at the time, but i think he said, you know, last year when this was under consideration that his lawyers have advised him t
CNN
Jan 8, 2013 11:00am PST
the u.s. has rarely had a surplus. the debt ceiling law was established to give treasury the flexibility to borrow chunk of money without going to congress to get approval every time a law was passed. it had nothing to do with spending control or debt control. it was a technicality, most functioning countries don't have any such thing because they understand that if the government spends the money it has to pay the bills. but republicans seem to think the debt ceiling is a good tool to limit how much the government spends. the current ceiling was officially hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to get through until about mid or late february. if congress doesn't act by then, government may not be able to pay some of its bills, as simple as that. rush, i hope you're taking notes. that's it for me. i'm out. same time tomorrow. you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-u
MSNBC
Jan 8, 2013 8:00am PST
bipartisan group when the government will hit its borrowing limit and when we'll see the next big government showdown over the deficit itself. the republicans have been saying they have leverage in the upcoming debt ceiling debate. but a growing body of evidence hidden in plain sooigt suggesting republican leaders are coming to -- may not be able to execute it. sir, it's great to have you with me this morning. what happens to the leverage that republicans said they had coming up in the next fight? is perception really not reality? >> no, i actually think they have a great deal of leverage. it's not just the debt ceiling but the sequester and the continuing resolution that funds all of the government, all of which hit within basically 60 to 90 days. i think that does give that and plus, i think the public knows there needs to be serious spending cuts and entitlement reform. we're on much firmer footing than before and much more united as a party. it's up to the president to make pretty serious concessions. >> is the boehner rule going to be in place here, the boehner rule being every dollar r
FOX News
Jan 8, 2013 3:00am PST
it. but no president has made that argument. the congress has raised the debt ceiling 70 times since 1917. every single president from woodrow wilson to barack obama recognizes that only the congress can authorize debt. >>gretchen: oftentimes people put out a trial balloon to see how the public reacts to it. do you think there was anything to do with nancy pelosi saying that on behalf of the president or just her idea? >> i can't get into mrs. pelosi's head. the statement was disingenuous, not grounded in history and betrays the purpose of the constitution. >>gretchen: you don't think it will happen? >> it's not going to happen. think about people loaning money to the federal government. they would be hesitant to do so without a promise by the congress to pay it back. why the congress? the constitutes says only the congress can raise money and pay debts. and mrs. pelosi should know that. >>gretchen: you would know what the constitution says. judge, great to see you. happy new year. >> happy new year to you. welcome back. >>gretchen: next, eat your way to a stress-free life. dr. samad
Search Results 0 to 24 of about 25 (some duplicates have been removed)